Initial funding for The Admiral James J. Carey Foundation is structured to come entirely from Admiral Carey’s Revocable Trust during his lifetime, and then in phased donations from that trust to this foundation following his death until all of the remaining assets of the revocable trust have been donated to this foundation. There is no current intent to engage in formalized fundraising for the foundation. However even in the early stages of the foundation, we have already been approached by others who having learned of the foundations endowment interests for certain 501.c.3 approved organizations, they have expressed an interest in donating to this foundation in lesser amounts so that their support might add to the size of the total endowment. Such initiatives will be evaluated on a case-by-case basis in order to clarify all issues of donor intent and once a mutually satisfactory agreement can be negotiated, such donation arrangements can then be put in place within the umbrella of this foundations 501.3.c status.

The Admiral Carey Foundation Management Team

Mr. Will BrooksDirector of Long Range Philanthropy
Admiral Carey Foundation